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Shine Fashions (India) Ltd IPO
BSE SME₹1,20,000 / 3000 Shares
Shine Fashions (India) Ltd IPO Details
The Shine Fashions (India) Ltd IPO price band is set between 40/- Per Equity Share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 22 Oct, 2020 and closes on 26 Oct, 2020. Investors can check the allotment status on 30 Oct, 2020, while the listing date is tentatively scheduled for 3 Nov, 2020.
The total issue size is Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 Cr, aggregating up to . Stay tuned for the latest Shine Fashions (India) Ltd IPO review and GMP updates.
Shine Fashions (India) Ltd IPO Review, Rating & Analysis
Shine Fashions (India) Ltd IPO Review
NO REVIEWShine Fashions (India) Ltd IPO Rating
Shine Fashions (India) Ltd IPO Highlights
IPO Date
Oct 22, 2020 - Oct 26, 2020
Listing Date
3 Nov, 2020
Face Value
₹10 Per Equity Share
Price Band
40/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Shine Fashions (India) Ltd IPO Lot Size
The minimum market lot for Shine Fashions (India) Ltd IPO is 3000 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,40,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,60,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,80,000 |
Shine Fashions (India) Ltd IPO Timeline
Issue Price
40/- Per Equity ShareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Shreni Shares Private LimitedIssue Size
Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Anish Anil Mehta
- Mr. Anil Zaverchand Mehta
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Incorporated in 2019, Shine Fashions (India) Ltd is one of the leading importers and suppliers of Microdot Fusible Interlinings. The company is primarily engaged in supplying, trading, and importing of non-woven interlining fabrics, woven interlining fabrics, and microdot fusible interlinings. It offers a diversified range of products such as Cap Interlinings, Woven Stretch Interlining, Hot Web Adhesive, Tricot, Cotton Fusible Interlinings, and Trafetta.
Business sources products from reliable manufacturers and supply goods in bulk to customers in different sizes to cater to diverse customers' requirements. The company produces the best quality of fabrics, for which, it has various departments at its infrastructure facilities such as testing, quality control, packaging, and others.
Shine Fashions (India) Ltd IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 189,000 | 189,000 | 378,000 |
Day 1 -22-10-20 5:00 PM | 0.86 x | 0.32 x | 0.59 x |
Day 2 -23-10-20 5:00 PM | 1.52 x | 0.81 x | 1.17 x |
Day 3 -26-10-20 5:00 PM | 1.83 x | 1.63 x | 1.73 x |
Frequently Asked Questions about Shine Fashions (India) Ltd IPO IPO
When will Shine Fashions (India) Ltd IPO open for subscription?
The Shine Fashions (India) Ltd IPO opens on 22 Oct, 2020 and closes on 26 Oct, 2020.
What is the investors portion for Shine Fashions (India) Ltd IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 189000.
How to apply for Shine Fashions (India) Ltd IPO?
You can apply for Shine Fashions (India) Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shine Fashions (India) Ltd IPO?
The issue size of Shine Fashions (India) Ltd IPO is approx ₹Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 Cr crores.
What is the price band of Shine Fashions (India) Ltd IPO?
The price band for Shine Fashions (India) Ltd IPO is 40/ to ₹ Per Equity Share.
What is the lot size of Shine Fashions (India) Ltd IPO?
The minimum bid (lot size) for Shine Fashions (India) Ltd IPO is N/A shares with an investment of approx ₹1,20,000 .
What is the allotment date of Shine Fashions (India) Ltd IPO?
The allotment date for Shine Fashions (India) Ltd IPO is 30 Oct, 2020.
What is the listing date of Shine Fashions (India) Ltd IPO?
The listing date for Shine Fashions (India) Ltd IPO is expected to be 3 Nov, 2020.
What is the GMP of Shine Fashions (India) Ltd IPO?
The latest Grey Market Premium (GMP) for Shine Fashions (India) Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.